Why is Kshitij Polyline falling/rising?

As of 17-Sep, Kshitij Polyline Ltd is experiencing a decline in its stock price, currently at 3.07, reflecting a decrease of 0.02 or 0.65%. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, the delivery volume has decreased by 12.02% compared to the 5-day average, suggesting falling investor participation. The company has reported negative results for the last four consecutive quarters, with net sales and profit after tax both declining significantly. The long-term fundamentals are weak, highlighted by a negative Return on Capital Employed (ROCE) and a high Debt to EBITDA ratio, which further contribute to the stock's downward movement.
In contrast to the broader market, Kshitij Polyline has underperformed significantly. Over the past week, the stock has dropped by 2.54%, while the Sensex has gained 1.43%. This trend of underperformance is consistent over longer periods, with the stock down 35.50% year-to-date and 49.75% over the past year, while the Sensex has shown a positive return of 7.13% in the same timeframe. The consistent underperformance against the benchmark and the company's negative financial indicators suggest a challenging environment for Kshitij Polyline, contributing to the stock's decline.